Restile Ceramics to hike authorised share capital
Restile Ceramics to hike authorised share capital A meeting of the board of directors (BoD) of Restile Ceramics (Q, N,C,F)* will be held on Sep. 29, 2007, to approve the convening of an extra-ordinary general meeting (EGM) of the company on Oct. 29, 2007 for increasing the authorised share capital from Rs 1,000 million to Rs 1.75 billion. > Restile Ceramics (RCL), incorporated in the year 1986, was promoted by V Padmakar and P V L N Raju. Later, it was assisted by equity participation from APIDC and a technical-cum-financial collaboration by Mori, Italy. The company manufactures vitrified unglazed and glazed ceramic floor and wall tiles and other ceramic products. RCL sells its products under the brand names, Granamite and Mirrorstone. Shares of the company were last trading down Rs 0.5 , or 2.56%, to Rs 19. The total volume of shares traded were 160 at the BS E.(11.16 am ,Monday ).
